It is the sum of all costs that are incurred periodically and continuously in order that the project in which an investment has been made may be operated, produce a commodity or service and distribute and sell that commodity or service. Salvage cost Profit Operating cost Fixed cost

Q: The following graph shows the externalities in the market of papers. Apparently, there are negative…

A: Marginal social cost in easy words is described as the actual change in the total cost of the…

Q: If the population of a country is 1,000,000 people, its labor for consists of 500,000, and 40,000…

A: Gradually we can say that unemployment refers to the situation in which actually people are…

Q: Question 1: Why are some people (or countries) more protectionist than others? Please use the trade…

A: Protestantism is a practice in which protectionist trade policies are followed. This policy allows…

Q: Par value is also known as Face value True False

A: Par value is the full value of the item without any change in its base value, and also known as face…

Q: Global passenger traffic demand was down by 58.4 per cent over pre-pandemic 2019 levels with the…

A: The airline industry's supply side factors, which include factors such as frequency of service, seat…

Q: Discuss the first and second contradictions of capitalism. Be explicit as to why (again,according to…

A: Capitalism is a system of economics based on private property and profitably exploiting productive…

Q: Assuming that your firms total cost function is, TC (Q) = $21,128+4Q profits when the prices are $7,…

A: In the question, the total cost is TC = 21128 + 4Q and prices are $7, $9, and $11. Now we are…

Q: Assume the following model of the economy: Y = C + I + G C = 120 + 0.5(Y - T) I = 100 - 10r G =…

A: Given information,  Y = C + I + G C = 120 + 0.5(Y - T) I = 100 - 10r G = 50 T = 40 Md = Y - 20 r Ms…

Q: Using political economy, describe a contemporary common private sector job (say, anurse at a private…

A: Surplus value: - Surplus value is the amount that a capitalist keeps out of the total amount…

Q: True/False:  A monopolist will always be able to operate at a profit. Group of answer choices True…

A: A monopolist is a single seller, selling a product which does not have substitute in the market.…

Q: Assume that it takes 2 hours of labor to produce a unit of good X and 6 hours of labor to produce a…

A: The next best alternative is commonly referred to as opportunity cost. It's also known as the…

Q: What are the main differences between Fisher’s and Friedman’s theory of the demand for money?

A: Fisher's approach of demand for money is the price of a commodity, the importance of money is…

Q: 18. Suppose Sean always maximizes his utility. Last week, Sean ate 6 hamburgers and drank 3…

A: Here, it is given that Sean consumed 6 hamburger and 3 milkshake is the last week, while he consumes…

Q: Which one of these is not an agriculture analytics usecase? Select one: a.Intelligent monitoring &…

A: When talking about analytics in economics, these are the tools used by the researcher to make…

Q: What effect will a successful supply-side policy have on the aggregate demand curve?     A)…

A: Supply-side approaches are government endeavors to expand efficiency and increment proficiency in…

Q: evune focus

A: Economics refers to the social science that studies the production, distribution, and consumption of…

Q: Mathis Wackernagel and his colleagues at the Global FootprintNetwork continue to refine the method…

A: The growth that depicts an increase in the production of services and goods in the economy is known…

Q: When demand increases in a perfectly competitive market.. Multiple Choice Oprices increase prices…

A: A perfect competition is a structure of a market in which there are many sellers and buyers.  The…

Q: The AW value for Design A is ​$ /mi. ​(Round to the nearest​ hundreds.) The PW value for Design A…

A: The Design Economy involves a broader purpose of design, including 10 SIC codes, such as…

Q: Which of the following is exchanged in the product man O the profit earned by the local barber after…

A: There are two types of market in the circular flow Model: Product market and factor market.

Q: Examine the graph below. This monopolistically competitive firm would produce output [Select]…

A: Monopolistic competition characterizes an industry in which many numbers of firms offer goods or…

Q: Suppose the households keep some cash aside in banks to use in case of emergencies. Which function…

A: Money is anything that is used as a medium of exchange for goods and services, store of value and…

Q: The demand function of a commodity is P-10-39 and average cost function is AC= q, then calculate the…

A: A monopoly firm produces at MR = MC in order to maximize profit.  MR is a change in total revenue…

Q: All provinces impose sales taxes on gasoline, a good that is recognized to be price inelastic.…

A: The measure that depicts the percentage change in quantity being demanded of goods with respect to…

Q: Calculate the real GDP growth rate for 2019, if real GDP in 2018 is 500 Euros and real GDP in 2019…

A: GDP is the value of final goods and services produced in the country.

Q: Explain the importance of a good transport system to the economy.

A: Economics is the branch of knowledge in which we study about the scarcity of resources and unlimited…

Q: Externalities and Public Goods: End of Chapter Problems 7. "Internalizing" a negative externality…

A: 7) Internalizing an externality is transferring the cost of a negative externality, such as…

Q: Tea prices are expected to rise rapidly in the near future. e. Used cars in NYC: Mayor Adams wants…

A: The interaction between those who sell a resource and those who purchase that resource is the…

Q: Briefly describe the significance of the system marginal price and explain why it varies with time.

A: The Variable Generation Cost of the most costly Generation Unit that would be sent to fulfill one…

Q: Because of peso devaluation, a car costing P175,000 is to be purchased through a finance company…

A: When the effects of collecting over time are taken into account, an effective interest rate is a…

Q: Global passenger traffic demand was down by 58.4 per cent over pre-pandemic 2019 levels with the…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: A C ㄱ B

A: households are vendors/sellers on the market for assets. Families sell land, labor, capital, and…

Q: Which of the following will most likely cause a change in the natural rate of unemployment?…

A:

Q: The significance of the internal rate of return (IRR) is that it tells the firm whether it should…

A: Investment is done by the investors. Before investing in a project, investors analyse the market…

Q: How stable is the velocity of money?

A: Velocity of Money is the component of Fisher's Quantity theory of money. It helps to measure the…

Q: D3) Assume Ms. Hautale  an investor is interested in embarking on property investments in the…

A: An investment is the purchase of an asset with the expectation of a future return or other income…

Q: True/False:  When a per-unit tax is imposed on a polluter, the marginal social cost curve shifts to…

A: Externality refers to cost or benefit imposed on society due to economic activity.

Q: Question 20 Figure 2 reflects the market for outdoor concerts in a public park surrounded by…

A: Social cost includes all the cost the incurred during production and cost incurred by society.

Q: Externalities and Public Goods: End of Chapter Problems 11. The Presidio, previously a military base…

A: Presidio sits in the middle of San Francisco which is considered one of the most valuable assets in…

Q: Now draw a firm operating under perfect competition that is losing money but should still stay open…

A: Perfect competition: It refers to the competition under which there is a small number of firms in…

Q: Assume the market for coffee mugs is perfectly competitive. Firms in the market are producing…

A: Let's First know about the terms we will use in the following question:- Average variable cost is…

Q: Use the graph to answer the question that follows. Real interest rate % Dif q q' Quantity of…

A: Loanable funds refers to the amount of money that people are willing to give as loans rather than…

Q: A country is currently in a recession. ( a. Illustrate this economy on a fully-labeled aggregate…

A: Recession refers to the situation where economic activities slow down and output growth is less than…

Q: Suppose that flu shots create a positive externality equal to $12 per shot. What is the relationship…

A: Given that "Flu shots create a positive externality equal to $12 per shot".  This implies the social…

Q: How big is the money multiplier if the minimum required reserves ratio is 10 per cent? b 2 10

A: Required reserve ratio is the minimum requirement of deposits that banks are required to hold. Total…

Q: 2. Consider the two-period endowment model discussed in the lectures where the economy is populated…

A: A budget constraint means all the mixtures of services and goods that a consumer may buy given…

Q: As the Country Director of a multi-national company in Ghana, you have decided to conduct a survey…

A: This evaluation will cover one non-probability sampling strategy and two probability sampling…

Q: uppose that a consulting firm has generated the following information about   the economy of…

A: The measure that depicts final value of goods and services produced in an economy during given time…

Q: According to the law of diminishing marginal utility: Omarginal utility falls with the extra…

A: The law of diminishing marginal utility depicts that the marginal utility derived from each extra…

Q: Who were the Bernoulli's and what was their contribution the expected utility theory (or decision…

A: Jacob I Bernoulli, Johann I Bernoulli, and Daniel Bernoulli are the three most famous Bernoulli…